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trading mission was formally approved by eu foreign ministers in brussels -- european union training mission was formally approved. >> citizens are worried involvement could be a long, drawn-out affair like in afghanistan. the point has to be approved by the bundestag later this week. >> french and malian forces engaged in a gunbattle. under a new proposal, german troops would not join them on the front line, but they would provide more logistical support, like using airbus jets to refuel french warplanes mid-air. an additional 150 troops will be needed for this task. several military planes are already being used to transport soldiers. >> we europeans have a strong interest in making sure that a safe haven for global terrorism is not allowed to develop on our doorstep. >> the german cabinet also wants to help train and assess the performance of the malian army. german soldiers will work together with units from other eu countries. >> the army needs to be trained from scratch so they can take over security themselves. we hope this is feasible, but it is a difficult and long-term chal
on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a final budget during a second summit arranged especially to do so. we will go live to brussels for the latest in just a moment. >> that's right -- the drastically reduced seven-year budget is worth 959 billion euros and was hammered out after two days of nearly round-the- clock negotiations and is far less than the just over $1 trillion euros -- and the one trillion euros the commission chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cameron welcomed as a good deal for britain >> it is perhaps nobody's perf
in brussels. we asked her if the eu is prepared to back the call for war crimes. >> the problem there is the u.n. security council would have to refer the case to the courts and the eu has failed in its attempts to get russia, a permanent member of the u.n. security council, to put pressure on their ally, syria. they say they welcome any attempts from any side to end the conflict and end the violence happening. they have always said that they were concerned about crimes committed against humanity and they have always stressed that they will do everything that they can to support moves to end the conflict in syria. >> we will have more in a moment, but staying in brussels , they have agreed to renew an arms embargo against syria. britain wanted to allow the nation's two armed forces, but many say neither side should be armed with weapons from europe. sanctions are also amended to provide greater humanitarian and technical assistance and protection of civilians. let us turn now to nina to ask for more about the foreign minister's reasoning for renewing the arms embargo on syria. >> most eu count
it means for the eu debt crisis. what does brussels make of the vote so far? is austerity out? >> there are no official comment yet, but you can rest assured that everyone is watching very closely. brussels has been very concerned and worried about the potential return to power of silvio burlesconi. they have been working very closely together this past year to get in back on its feet. italy, like we have heard before, is a very important player in europe, the third biggest contributor to the euro budget and one-fifth of the rescue aid comes from realm. the concern is that if silvio burlesconi returns to power, that risks plunging the entire eurozone into chaos again. plus, the european project could come to a standstill. one message has been received here in brussels. more than half of the italians voted for the euro-sceptic populist. one of them, they will have to deal with in the next government that will be formed. >> nina, thank you for the update from brussels. the outcome of the italian elections has been weighing heavily on financial markets. our correspondent from fra
by talking about ordinary europeans getting up and reading about the crisis of confidence in the eu, the lack of transparency and lack of democracy in brussels. he said this inevitably engendered notions like fear and dismay and the solution until frustration -- and frustration, so the real question was how to overcome this kind of emotions. as a former east german dissident, he said there is only one way to overcome those kinds of emotions and that is for people to get involved, to overcome indifference and complacency. on an economic front, it was interesting -- he admitted that germany has profited more than any other european country in the last 10 years of. he said other countries have been complaining about that i am quite an angry shape or form. he said the only question was not a german europe but a europeanized germany. people had high hopes that it would sort of reinvigorate the european mission. gauck has considerable rhetorical capabilities, but it was not a great speech, it was a good speech. it was dutiful. there were fireworks. i do not think he captured anyone's imagination to
are high this time around for some kind of deal. >> british prime minister david cameron wants the eu to mend what he sees as its wasteful ways. he made his point by arriving on foot, not in a chauffeur-driven limousine. he went into the talks in a bullish mood. >> the numbers that were put forward were much too high. they need to come down, and if they do not, a to be a done deal. >> that puts him on a collision course with many other eu leaders who argue the block needs a $1 trillion budget to fight unemployment, fund education and training and invest in the future. >> i of europe goes for compromise at any cost and puts common policies, agriculture, and growth at risk as a result, i will oppose it. >> with opinions so clearly divided, german chancellor angela merkel was keen to play down the differences and talk up the prospects of reaching agreement. >> the starting positions are quite far apart. but speaking for germany, i say we will do everything we can to come to an agreement. because in times of uncertainty and high unemployment, it is essential for people to be able to plan
and growth. >> angela merkel says all eu member states must cut costs. two weeks ago, the chancellor and british prime minister david cameron went out in brussels securing an eu budget cut of around 3%. now merkel has defended that decision. she says the crisis means everyone has to save. >> i will say it quite plainly -- it would have been hard to explain to people in europe, both to the states hit by the crisis and those bearing the bulk of the burden of solidarity why everyone in europe has to say except for europe itself. >> but the opposition disagrees. social democrats' candidate for chancellor peer steinbrueck says merkel advocates too much austerity and too little investment. he also accused merkel of making common cause with europe's foes. >> you've made an unholy alliance with no sense of perspective. and with a leader david cameron who may want to leave the you. it is a strange alliance if your aim is to safeguard europe's future for the days to come. >> strong stuff, but the opposition is the least of merkel's worries. the european parliament has to pass the budget draft.
the prospect of having to bail out failed banks and eu governments for perhaps years to come. they are still asking why no charges have been brought in the interest rate fixing scandal among top level banks. >> now, the german finance minister is set to present proposals to address that anger that will include a tightening of banking regulations. germany is not the only european country planning new laws against the reckless bankers that cost taxpayers billions. >> and number of european governments are drawing up new measures to prevent big banks from passing on the costs of high risk trading to taxpayers. in germany, a new draft law is due to be presented to the cabinet on wednesday. the proposed law would require major banks to separate their retail and investment banking. it also outlines plans for restructuring and liquidation in the event of a crisis, and bank executives are engaged -- who engage in reckless behavior could face up to five years in prison, and britain is also bound to pressure to rein in the excesses' of the system in the wake of the libor scandal and breaches of money
Search Results 0 to 7 of about 8